Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4506 Weletka Dr Austin, TX 78734-1838
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4506 Weletka Dr Austin, TX 78734-1838

    View on Map
    • Warehouses
    • 3,375 SF
    • 0.44 lot acres
    Off-Market
    Property ID
    US82-4473553
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Semco / Engineer
    • yumtacular Desserts catering / Catering Service / Take-out & Catering
    • Javs Dive / Bakery / Specialty Food Shop

    Property Details for 4506 Weletka Dr

    Year built
    2006
    Lot size
    0.44 lot acres
    Property size
    3,375 SF
    Property type
    Warehouses
    APN
    156580116
    APU
    156580116

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $610,000
      6.5%
      $565,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $491,000
      Market price range: $195k - $1.71M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Travis
    State
    Texas
    Longitude
    -97.9263
    Latitude
    30.4062
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,513
    $95,390
    $369,674
    $465,064
    -
    $95,390
    $369,674
    $465,064

    Comparable in this City

    • Value Estimation by Request
      60,000 SF

      4229 Fm 620

      Distribution properties • 60,000 SF
      4229 Fm 620, Austin, TX 78734
      View Details
    • Value Estimation
      $4,230,000
      25,000 SF

      15401 Debba Dr

      WAREHOUSE, STORAGE • 25,000 SF
      15401 Debba Dr, Lakeway, TX 78734-3628
      View Details
    • Value Estimation
      $940,000
      6,240 SF

      3100 Scott Dr

      WAREHOUSE, STORAGE • 6,240 SF
      3100 Scott Dr, Austin, TX 78734-2135
      View Details
    • Value Estimation
      $585,000
      3,200 SF

      15504 Storm Dr

      WAREHOUSE, STORAGE • 3,200 SF
      15504 Storm Dr, Austin, TX 78734-2771
      View Details
    • Value Estimation
      $530,000
      3,300 SF

      5521 Hi Line Rd

      WAREHOUSE, STORAGE • 3,300 SF
      5521 Hi Line Rd, Austin, TX 78734-1115
      View Details
    • Value Estimation
      $855,000
      5,000 SF

      4710 Doss Rd

      WAREHOUSE, STORAGE • 5,000 SF
      4710 Doss Rd, Austin, TX 78734-1202
      View Details

    Similar Nearby for Sale

    • $1,500,000
      7,440 SF

      Lakeway Warehouse on High-Traffic Corridor

      Warehouse on 0.563 acres with high visibility and accessibility.
      3217 Ranch Road 620 N, Austin, TX 78734
      View Details
    • $595,000

      Large Connected Metal Buildings

      Two connected metal buildings with phase 3 power inverter.
      15002 Iowa St, Austin, TX 78734
      View Details
    • Contact for pricing
      300 SF

      Customizable Flex Space with Lake Views

      300 SF customizable flex space with water source and views.
      4229 Ranch Road 620 N, Austin, TX 78734
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      60,000 SF

      Austin Flex Space - Hwy 620

      Modern Flex Warehouse, Lake Travis Views
      4229 Fm 620, Austin, TX 78734
      View Details
    • $1,950 /Mo

      Commercial Space Near Lake Travis

      Commercial rental space with office and parking near Lake Travis.
      2009 Pyramid Dr, Austin, TX 78734
      View Details
    • $49 SF/Yr
      60,000 SF

      XSpace Austin Flex Unit #306

      Modern Austin flex space, ideal for business or hobby.
      4229 Fm 620, Austin, TX 78734
      View Details
    • $65 SF/Yr
      60,000 SF

      Austin Flex Space Unit #324

      Modern Flex Space, West Austin
      4229 Fm 620, Austin, TX 78734
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4506 Weletka Dr
    Austin, TX 78734-1838
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!